Let The Beat Build Inc

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

Hebberto R Lopez

Phone

8175288684

Tax Period

2024-01-01 to 2024-12-31

Let The Beat Build Inc, founded in 2022, is a small nonprofit that reported $341K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum.

Mission

Our organization focuses on serving marginalized youth ages 8-19. We aim to empower young people by providing them with access to music production, mental health, and life coaching support and resources.

Program Service Accomplishments

Program 1

Expenses: $333,000 Revenue: $340,557

In 2024, Let The Beat Build invested $202K into contractors and teaching artists to directly deliver 737 sessions, reaching 4,259 youth across Dallas-Forth Worth and beyond. With strong partnerships (DISD, Big Thought, Walls Project, Cynthia Mickens Ministries, Dallas Stem Expo), LTBB expanded impact in both schools and community hubs. Our lean model ensured 76% of all expenses went to program services, 20% to essential management & operations, and 4% to leadership-driven fundraising and partnership development. We ended the year with positive net assets and positioned for growth in 2025. Every dollar invested provided 2,000 hours of creative, educational, and wellness- based learning opportunities for undeserved youth.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $340,557

Investment Income $0

Other Revenue $0

TOTAL REVENUE $340,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,245

Fundraising Expenses $0

Program Expenses $333,000

Other Expenses $87,192

TOTAL EXPENSES $336,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,557	$248,789	+0.4%
Expenses	$336,437	$238,535	+0.4%
Net Income	$4,120	$10,254	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN K ALLEN	Director	30.00	Director	$0	$0	$0
HEBBERTO R LOPEZ	Director	30.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$340,557	$336,437	$7,559	$4,120
2023	$248,789	$238,535	$10,734	$10,254